How Louis Chenevert Saved United Technologies Corporation During The 2006 Recession

The former Chief Executive Officer and Chairman of United Technologies Corporation was Louis Chenevert. He became the Chief Operating Officer, President and Director of United Technologies Corporation, beginning in March 2006.

When asked about the origin of the idea for United Technologies Corporation, Louis Chenevert stated that most of the ideas came from the small strategic team. They had a philosophical perceptive of what clients need and a strong desire to provide excellent products, in a 30-year merchandise cycle. This plan and ideas would bring about great changes, when combined with making vast achievements where the company’s portfolio would be strengthened.

What Did That Approach Bring?

The development of the GTF engine brought a 20% better fuel burn, which is a game-changer. The noise level would be reduced by 50% and the cost of parts would be 30% contribution to less cost, for the life cycle duration.

<script>

When asked how ideas were brought to life, Louis Chenevert stated that when he was at UTC, they focused on engineering and on operational talent. This focus was critical to convey ideas that would create results that would surpass the expectation of their clients, and produce money and profit lucrative momentum, with the support of the staff.

Mr. Chenevert stated that by focusing on teams that were small and on a workable administration team, that received tools, money, and freedom to go after game-changing commodities. A comprehensive review was made to make sure primary goals were always accomplished.

When asked about the one trend that makes him happy, Mr. Chenevert was fascinated with how the ever-changing speed of technology generated great opportunities, to escalate momentum, in this business far into the future.

UTC is a worldwide multi-national business. In 2006, it was in danger of collapsing due to the recession. To protect the company from buckling under, Mr. Chenevert made many improvements to protect them from losing profits. Instead of outsourcing their workers, they moved their production to the United States. Mr. Chenevert believed that cheap work yields poor products. United Technologies relocated workers and engineers in an integrated area and focused on problem-solving together. This method worked and the company survived.

http://www.yachtingmagazine.com/louis-chenevert-horizon-yachts-P105-design

Leave a Reply

Your email address will not be published. Required fields are marked *